european corporae ernance institute ecg How Do Legal Rules Evolve?Evidence From a Cross-Country Comparison of Shareholder, Creditor and Worker Protection Law Working Paper N.129/2009 John Armour July 2009 University of Oxford,Oxford-Man Institute of Quantitative Finance and ECGI Simon Deakin University of Cambridge and ECGI Priya Lele Ashurst LLP and University of Cambridge Mathias M Siems University of East Anglia(UEA)and University of Cambridge John Armour,Simon Deakin,Priya Lele and Mathias M Siems 2009.All rights reserved.Short sections of text,not to exceed two paragraphs,may be quoted without explicit permission provided that full credit,including notice,is given to the source. This paper can be downloaded without charge from: http://ssrn.com/abstract=1431008. www.ecgi.org/wpElectronic copy available at: http://ssrn.com/abstract=1431008 Law Working Paper N°.129/2009 July 2009 John Armour University of Oxford, Oxford-Man Institute of Quantitative Finance and ECGI Simon Deakin University of Cambridge and ECGI Priya Lele Ashurst LLP and University of Cambridge Mathias M Siems University of East Anglia (UEA) and University of Cambridge © John Armour, Simon Deakin, Priya Lele and Mathias M Siems 2009. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. This paper can be downloaded without charge from: http://ssrn.com/abstract=1431008. www.ecgi.org/wp How Do Legal Rules Evolve? Evidence From a Cross-Country Comparison of Shareholder, Creditor and Worker Protection